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Corporate Governance

  • Walmart introduces hybrid loyalty program

    Walmart and its financial services partners have added a loyalty component to credit, debit and prepaid card offerings that provide an extra incentive to make online purchase.

  • Hy-Vee helps fight cancer, childhood obesity with kids' triathlons

    Hy-Vee has partnered with the Pinky Swear Foundation to sponsor several Hy-Vee Pinky Swear Kids Triathlons in cities across the Midwest. The partnership will help with the foundation’s efforts to raise funds and awareness for the families of children who are suffering from cancer.

    Hy-Vee is collaborating with the foundation to bring youth triathlons to several of the communities it serves. In summer 2016, races will be held in Des Moines, Minneapolis, Chanhassen, Omaha, the Quad Cities and Kansas City.

  • Fast-growing Five Below keeps getting bigger

    Extreme-value tween and teen retailer Five Below enters a new market on April 1, with the opening of three stores in Louisiana.

    “Entering Louisiana is an important step as we continue to expand our rapidly growing footprint across the country,” said Joel Anderson, CEO of Five Below, which operates 444 stores in 27 states.

    The stores in Louisiana are located in the towns of Covington, Lafayette, and Slidell. They are included in the 85 new locations Five Below has planned for 2016. In 2015, the chain opened 71 stores.

  • Ikea partners with fashion designers on new collections

    Ikea has formed an unprecedented partnership with fashion designers to launch new limited edition collections in Canada.

    Between April and September, Ikea will be launching three new collections created in collaboration with fashion designers from across Europe. The move marks the first time that Ikea has teamed up with fashion designers to create collections that respond directly to current trends and fuse various influences to give customers cutting-edge design at affordable prices.

  • Lululemon strikes familiar growth pose

    To drive growth in 2016 Lululemon will again rely on a rapid pace of store expansion and an e-commerce fueled same-store sales increase after that combination enabled the company to achieve record results and surpass annual sales of $2 billion in 2015.

    Lululemon dramatically increased its selling space last year, adding 57 new stores to a base of 316 stores to end the year with 363 units. The surge in new store construction is understandable given that Lululemon’s sales per square foot of roughly $1,500 is among the highest in retail.

  • Supplier survey bodes well for retail sales

    If the major suppliers of soft goods such as clothing and accessories to retail stores are a bellwether of the economy, then the coming months are looking to provide a jolt as 75% of these suppliers expect retail sales to significantly outpace the gross domestic product for the spring and summer shopping season.

    That’s one of the major findings of a new survey conducted by Capital Business Credit.

  • Jo-Ann names former Walgreen exec CFO

    Former Walgreens and Tyson Foods executive Wade Miquelon was named CFO at Jo-Ann Fabric and Craft Stores.

    Jo-Ann said as CFO Miquelon would oversee the retailer’s finance organization, real estate, information technology and general counsel.

  • A win-win for retail merchants and operators

    Merchants intent on growing sales and operators eager to reduce shrink can both find something to like in a new service offering from global loss prevention leader Tyco Retail Solutions.

    Tyco took the concept of software as a service, commonly referred to as SaaS, and applied it to the world of asset protection in a way that offers benefits to merchants and store operations executives looking to reduce shrink.

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